Common use of No Personal Liability of Directors, Officers, Employees and Shareholders Clause in Contracts

No Personal Liability of Directors, Officers, Employees and Shareholders. None of the Company’s past, present or future directors, officers, employees, or shareholders or any of their direct or indirect equity holders shall have any liability for any of the Company’s obligations under the Securities or the Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Holder by accepting the Securities waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities.

Appears in 6 contracts

Samples: Fiat Chrysler Automobiles N.V., Fiat Chrysler Automobiles N.V., Fiat Chrysler Automobiles N.V.

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No Personal Liability of Directors, Officers, Employees and Shareholders. None No director, officer, employee, incorporator, or shareholder of the Company’s pastCompany or its Subsidiaries, present or future directorsas such, officers, employees, or shareholders or any of their direct or indirect equity holders shall have any liability for any obligations of the Company’s obligations Company under the Securities or the this Indenture or for any claim based on, in respect of, or by reason of such of, those obligations or their creation. Each Holder of Securities, by accepting the Securities a Security, waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities.

Appears in 2 contracts

Samples: Texas Unwired, Texas Unwired

No Personal Liability of Directors, Officers, Employees and Shareholders. None No director, officer, employee, incorporator, or shareholder of the Company’s pastCompany or its Subsidiaries, present or future directorsas such, officers, employees, or shareholders or any of their direct or indirect equity holders shall have any liability for any obligations of the Company’s obligations Company under the Securities Securities, the Guarantees, this Indenture or the Indenture Collateral Documents or for any claim based on, in respect of, or by reason of such of, those obligations or their creation. Each Holder of Securities, by accepting the Securities a Security, waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities.

Appears in 1 contract

Samples: Indenture (Rural Cellular Corp)

No Personal Liability of Directors, Officers, Employees and Shareholders. None of the Company’s No past, present or future directorsdirector, officersofficer, employeesemployee, incorporator or shareholders shareholder of the Company or any of their direct or indirect equity holders Guarantor, as such, shall have any liability for any obligations of the Company’s obligations Company or such Guarantor under the Securities or Securities, the Subsidiary Guarantees, this Indenture or for any claim based on, in respect of, or by reason of of, such obligations or their creation. Each Holder by accepting the Securities a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities.

Appears in 1 contract

Samples: Asia Global Crossing LTD

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No Personal Liability of Directors, Officers, Employees and Shareholders. None of the Company’s No past, present or future directorsdirector, officersofficer, employeespartner, employee, incorporator, manager or shareholders shareholder or other owner of Capital Stock of the Company or any of their direct or indirect equity holders Guarantor, as such, shall have any liability for any obligations of the Company’s obligations Company or any Guarantor under the Securities or the Indenture Note Documents or for any claim based on, in respect of, or by reason of of, such obligations or their creation. Each Holder by accepting the Securities a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the SecuritiesNotes.

Appears in 1 contract

Samples: Indenture (Sanchez Energy Corp)

No Personal Liability of Directors, Officers, Employees and Shareholders. None of the Company’s No past, present or future directorsdirector, officersofficer, employeesemployee, incorporator, shareholder, member, manager or shareholders or any partner of their direct or indirect equity holders shall the Company, as such, will have any liability for any obligations of the Company’s obligations Company under the Securities Securities, or the Indenture this Indenture, or for any claim based on, in respect of, or by reason of of, such obligations or their creation. Each Holder of Securities by accepting the Securities a Security waives and releases all such liability. The Such waiver and release are part of the consideration for issuance of the Securities.

Appears in 1 contract

Samples: Indenture (TechnipFMC PLC)

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